2025 Estate and Gift Tax Update

For 2025, a person can gift up to $19,000 without having to file a gift tax return or paying gift tax. 

The lifetime estate and gift tax exemption is $13,990,000. 

This means that if your estate is less than $13,990,000 when you die, there will be no estate tax due. 

This is scheduled to drop to around $7,000,000 in 2026.